A governmental agency claims that the parliamentary budget office's estimated cost for the planned capital relocation is an exaggerated figure.

The parliamentary office recently maintained in a report that the government's plan to relocate the administrative capital would wind up costing the nation 103 trillion won or some 90 billion U.S. dollars.

However, the Korea Research Institute for Human Settlements said in a press release Friday that the office's estimation was based on faulty figures that could possibly mislead the public.